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Advanced Technology Offerings to Power Operating Room Solutions Market, Advises Frost & Sullivan

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Advanced Technology Offerings to Power Operating Room Solutions Market, Advises Frost & Sullivan PR Newswire LONDON, May 31, 2012 - Technologically Superior Products to Support Growth in this Mature, Replacement Market LONDON, May 31, 2012 /PRNewswire/ -- The European operating room solutions market, comprising surgical lights, surgical tables and pendants, is primarily a replacement market. Although tightening budgets are hindering market prospects, the need for state-of-the-art operating rooms are creating lucrative growth opportunities. New analysis from Frost & Sullivan (http://www.patientmonitoring.frost.com), European Operating Room Solutions Markets, finds that markets earned revenues of $148.2 million in 2010 and estimates this to reach $192.9 million in 2017. The research covers surgical lights, surgical tables and pendants. "The rising number of surgical procedures is creating an urgent demand for technologically advanced operating room equipment," notes Frost & Sullivan Research Analyst Akanksha Joshi. "The need to ensure enhanced hygiene, infection control and safety is also fuelling market growth." Operating rooms are the revenue generating space for hospitals. As a result, hospitals are seeking state-of-the-art operating theatres that will support optimised performance and efficiency. Safety concerns are at an all time high, with infection control emerging as a major issue in operating rooms.
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Advanced Technology Offerings to Power
Operating Room Solutions Market, Advises
Frost & Sullivan
PR Newswire
LONDON, May 31, 2012
- Technologically Superior Products to Support Growth in this Mature,
Replacement Market
LONDON
,
May 31, 2012
/PRNewswire/ -- The European operating room
solutions market, comprising surgical lights, surgical tables and pendants, is
primarily a replacement market. Although tightening budgets are hindering
market prospects, the need for state-of-the-art operating rooms are creating
lucrative growth opportunities.
New analysis from Frost & Sullivan (http://www.patientmonitoring.frost.com),
European Operating Room Solutions Markets
, finds that markets earned
revenues of
$148.2 million
in 2010 and estimates this to reach
$192.9 million
in
2017. The research covers surgical lights, surgical tables and pendants.
"The rising number of surgical procedures is creating an urgent demand for
technologically advanced operating room equipment," notes Frost & Sullivan
Research Analyst Akanksha Joshi. "The need to ensure enhanced hygiene,
infection control and safety is also fuelling market growth."
Operating rooms are the revenue generating space for hospitals. As a result,
hospitals are seeking state-of-the-art operating theatres that will support
optimised performance and efficiency.
Safety concerns are at an all time high, with infection control emerging as a
major issue in operating rooms. The rising awareness about the need to
minimise human errors and promote the effective management of operating
rooms is pushing the uptake of innovative and advanced operating room
solutions.
In healthcare facilities, the final decision about equipment purchase rests with
the administrative department, principally the purchase manager. Typically,
due to budget constraints, purchase managers delay the acquisition of hospital
equipment with long replacement cycles. Consequently, manufacturers face a
tough challenge in making administrative departments understand the value
for money that their products offer.
"As hospitals in
Western Europe
are already well equipped, the demand for
operating room equipment derives largely from new hospitals," says Joshi. "But,
with cuts in healthcare spending, the demand for new equipment tends to
occur where replacement is required. This trend is hampering market
expansion."
Manufacturers should offer advanced versions of operating room solutions as a
package. This is likely to meet end-user needs, even while increasing profit
margins.
"It is important for manufacturers to provide innovative, accurate and reliable
patient- friendly devices," concludes Joshi. "This would encourage medical
facilities to replace their existing equipment."